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Loan Servicing Rights (Tables)
9 Months Ended
Sep. 30, 2019
Text Block [Abstract]  
Components of Loan Servicing Rights and Valuation Allowance

The following table summarizes the carrying values and activity related to loan servicing rights and the related valuation allowance for the three and nine months ended September 30, 2019 and 2018:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

24,364

 

 

$

24,318

 

 

$

24,512

 

 

$

24,690

 

Additions

 

 

2,097

 

 

 

1,147

 

 

 

4,026

 

 

 

3,098

 

Amortization

 

 

(1,717

)

 

 

(1,117

)

 

 

(3,794

)

 

 

(3,440

)

Balance before valuation allowance at end of period

 

 

24,744

 

 

 

24,348

 

 

 

24,744

 

 

 

24,348

 

Valuation allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

 

(32

)

 

 

(15

)

 

 

(15

)

 

 

(29

)

(Additions)/recoveries

 

 

(89

)

 

 

3

 

 

 

(106

)

 

 

17

 

Balance at end of period

 

 

(121

)

 

 

(12

)

 

 

(121

)

 

 

(12

)

Loan servicing rights, net

 

$

24,623

 

 

$

24,336

 

 

$

24,623

 

 

$

24,336